Commodities
Cargill Sees Trade War as Risk to Its Brazil Soy Crush Plans
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US President Donald Trump’s trade war with China may be beneficial for Brazil’s soybean exports, but Cargill Inc.’s top executive in the country sees a risk to the company’s plans to expand oilseed crushing capacity.
Increased Chinese demand for Brazilian soybeans would mean more competition in the South American nation for the same oilseeds used by crushers to produce soybean oil, biofuels and soybean meal, Cargill Brazil President Paulo Sousa said in an interview. Uncertainties related to tariffs could influence the company’s plans for more crushing capacity in Brazil.